Double Standard Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	1,624	2,613	2,429	2,315	1,582
Depreciation & Amortization	95	83	67	40	26
Loss (Gain) From Sale of Assets	68	4	-	3	25
Loss (Gain) From Sale of Investments	-	-10	-133	-36	112
Loss (Gain) on Equity Investments	-	-	-	31	-5
Other Operating Activities	-876	-807	-702	-635	-332
Change in Accounts Receivable	167	20	-231	-178	-210
Change in Inventory	-57	16	14	110	-122
Change in Accounts Payable	-91	44	-6	-1	66
Change in Other Net Operating Assets	-155	31	-3	-209	4
Operating Cash Flow	775	1,994	1,435	1,440	1,146
Operating Cash Flow Growth	-61.13%	38.95%	-0.35%	25.65%	34.82%
Capital Expenditures	-1	-235	-351	-16	-66
Cash Acquisitions	-	-	-	-30	-
Sale (Purchase) of Intangibles	-25	-7	-53	-35	-29
Investment in Securities	-	110	33	110	-74
Other Investing Activities	3	-6	8	97	-96
Investing Cash Flow	-23	-138	-363	126	-265
Repurchase of Common Stock	-	-	-93	-	-1
Common Dividends Paid	-811	-742	-678	-542	-373
Other Financing Activities	-	-228	-	-	-
Financing Cash Flow	-811	-970	-771	-542	-374
Miscellaneous Cash Flow Adjustments	-	-1	-1	-1	-1
Net Cash Flow	-59	885	300	1,023	506
Free Cash Flow	774	1,759	1,084	1,424	1,080
Free Cash Flow Growth	-56.00%	62.27%	-23.88%	31.85%	28.42%
Free Cash Flow Margin	11.04%	21.99%	15.17%	20.61%	15.26%
Free Cash Flow Per Share	57.27	130.14	79.95	104.87	79.53
Cash Income Tax Paid	876	809	702	638	331
Levered Free Cash Flow	655.63	1,604	943.13	1,276	937.75
Unlevered Free Cash Flow	655.63	1,604	943.13	1,276	937.75
Change in Working Capital	-136	111	-226	-278	-262